.CoinSharesCo has completed the acquisition of Napoleon Asset Management allowing it to offer its products and services across the EU. By JamieCrawleyCD
Digital asset manager CoinShares has completed the acquisition of Napoleon Asset Management allowing it to offer its products and services across the European Union .
Paris-based Napoleon Asset Management is licensed by French regulator Autorité des Marchés Financiers under the Alternative Investment Fund Manager directive, which gives passporting permission to market products and services across the EU. An AIFM license does not include authorization of the funds themselves - only passporting for the funds to be marketed cross-border within the EU.for Euro 13.9 million in cash and stock. The acquisition of Napoleon AM however was subject to approval by the AMF, which was granted on June 28.and other investment vehicles across the EU, giving it a much-needed source of extra revenue.
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